USDA bureau raises estimate for Brazilian soyabean output

摘要

The USDA's Brazilian bureau has increased its estimate for soyabean production in the Latin American country this year by one million tonnes to a record 83mt, up from 66.5mt in 2011/12, easing concerns over output of the oilseed after a lack of rainsin recent weeks. Brazil's 2012/13 planting is considered 99% completed, the bureau said, and at a rate a few percentage points ahead of the five-year historic average. Crop conditions are rated "good" across all major producing regions although some isolated areas are receiving less than desirable rainfall and as a result lower crop ratings.